In which decade did the United States begin experiencing large trade deficits?
A. 1960s
B. 1950s
C. 1970s
D. 2000s
Answer: D
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Which of the following does NOT shift the IS curve?
A) an increase in autonomous consumption B) an increase in government spending C) a decline in government spending D) a fall in the interest rate
Negative marginal revenue means that
a. the firm is maximizing its economic profit b. the firm is maximizing its total revenue c. total revenue is increasing at an increasing rate as output increases d. total revenue is increasing at a decreasing rate as output increases e. total revenue is decreasing as output increases
Assume a simplified banking system subject to a 25 percent required reserve ratio. If there is an initial increase in excess reserves of $100,000 . the money supply:
a. increases $100,000 b. increases $400,000. c. increases $125,000 d. decreases $500,000.
Gross domestic product measures the value of all final goods and services produced within a country by
a. domestic resources only. b. foreign resources only. c. both domestic and foreign resources. d. domestic resources minus production by foreign resources.